Ten Steps to buying a home this year. Step 7 . Negotiating terms and price..
Negotiating good price and terms are an important step in buying a home.
A buyer agent will help you in this very important step. We have a seller market right now and in many areas there is a shortage of inventory.
If you have already looked at many homes and have decided on a house , you may have to offer full price.
You can also use an escalation clause. If you use an escalation clause make sure there is a clause that allows you to back out if it does not appraise. It is a good idea to have an attorney help you with this.
Do not feel insulted if the seller does not accept your offer if you do not offer full price..
If you have offered a low purchase price the seller may not make a counter offer.
Do not just concentrate on the price during this stage. If there are multiple offers the seller may accept the offer with fewer contingencies or a closing date which the seller would like to have.
There used to be a time when cash buyers could expect to buy a home for a bargain but these days sellers know that a pre approved buyer is almost as good as a buyer paying cash.
It is important to work with a good buyer agent who can provide you good market analysis and recommend the price and terms based on the market.
If you are looking to buy a housein Bucks county Pa call me, Gita Bantwal at Re/Max Centre 2153438200x124 or 2152758491
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Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email firstname.lastname@example.org
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.